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Jul 16, 2026 | 10:30 AM

DC Water's

Finance

Financing a multi-billion dollar utility takes thoughtful financial planning and innovation.

Financial Policies
DC Water's adopted series of financial policies for financing
Financial Reporting
Annual Comprehensive Financial Reports
Innovative Financing
At DC water, we are always thinking about how we can do things better.
Investor Relations
Fostering and maintaining positive relationships through transparent financial communications.
Risk Management
Continuously working to identify, evaluate, and prioritize risks and to minimize, monitor, and control the probability or impact of unfortunate events. 
Budget & Financial Planning
DC Water’s operating, capital budget, and financial plan
Monthly Financial Reports
Actual numbers are estimates and subject to change based on results of the annual financial statement audit.
See More In Finance

Financing a multi-billion dollar utility takes thoughtful financial planning and innovation.

In 1996,  DC Water underwent a governing overhaul that placed strategic leadership with a Board of Directors and financial independence from District of Columbia government. The Office of the Chief Financial Officer was created and DC Water took responsibility for developing budgets, rate setting, paying vendors, performing financial audits and accounting, and raising funds through the Capital Markets.  Since that time, DC Water has achieved 18 unqualified audit opinions and now boasts a AAA rating – the highest a utility can achieve-- by rating agency Standard and Poor’s.

As a prominent water and wastewater utility, we take great care to respect the environment, protect human health, ensure water quality, and promote social and economic development for the District of Columbia and surrounding jurisdictions.

Senior Bond Ratings
as of February 2026
S&P
AAA
Moody's
Aa1
Fitch
AA+
Liquidity and Asset Value
as of September 2025
Days of Cash
282
Net Assets
$9.1B
Outstanding Debt
$4.1B

Upcoming Meeting

Board of Directors Meeting

April 24, 2023

Monday 9:00 AM

Announcement

DC Water Officials with NPS and ANC commissioners doing ceremonial groundbreaking
DC Water Breaks Ground on Piney Branch Tunnel, Final Phase of DC Clean Rivers Project

Today, DC Water broke ground on the Piney Branch Tunnel, the final major tunnel in our Clean Rivers Project. This work will help keep sewage and trash out of local waterways and make Rock Creek, the Potomac River, and the Chesapeake Bay cleaner for our community.

When we finish the Piney Branch Tunnel, it will hold at least 4.2 million gallons of rainwater and wastewater during heavy storms. Instead of overflowing into Piney Branch, that water will go to the Blue Plains Water Resource Recovery Facility, where it will be treated.

Latest Blog Post
Five photos from the American Water Works Association (AWWA) ACE26 conference featuring panel discussions, technical presentations, networking, and attendees posing at the ACE26 display.
ACE26 Highlights: How DC Water Advanced the Conversation on Water
More than 80 DC Water employees joined thousands of water professionals in Washington, D.C., sharing expertise, building partnerships and advancing conversations that will help shape the future of water.
Upcoming Meeting
Date
July 17, 2026
Friday, 2:00 PM

Upcoming Events

Jul 23
Jul 25

Customer Service Center Announcement

Payment Plan Incentive: provides a credit back of 50% of the last 3 payments made. Eligible participants are residential customers who have had an outstanding balance for 60 days or greater and with an outstanding balance of $500 or more.